245 W Klein AveCortlandIL60112
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cortland at 245 W Klein Ave, Cortland, IL, 60112 at $221,500 posts ROI 31.67% with $720/mo cash flow from $2,460/mo rent. Total monthly income equals $2,460/mo, and annual cash flow records $8,639/yr on $73,427 to close. Return on cash invested measures 31.67% and rental yield reads 13.33% at the current $221,500. Equity gained on principal adds $1,429/yr, and 5% annual appreciation supports $61,196 by year five. Five-year ROI prints 168.1% and total cumulative return in cash totals $123,434.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,460/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60112, Cortland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,721 (100%) |
| Owner Occupied HU | 1,303 (75.7%) |
| Renter Occupied HU | 363 (21.1%) |
| Vacant Housing Units | 55 ( 3.2%) |
| Median Home Value | $197,400 |
| Average Home Value | $220,353 |
Housing Distribution
Address Breakdown
Residential
1,668
Single Family
1,458
Multi-Family
210
Businesses
74
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Listed by: Hillary Joy • Rgm Real Estate Co.
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502405
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.